NEW YORK ( TheStreet) -- This recent earnings season hasn't been kind to techs stocks. With several companies reporting subpar quarters and lowered guidance, Cisco (CSCO - Get Report) continues to stand out. And with each passing quarter, the networking giant continues to make a case for why it is one of the best bargains on the market. And if second-quarter earnings are any indication, more gains are around the corner.Revenue arrived 5% higher year over year and advanced 2% sequentially. And there were signs that Cisco is still working to transition out of its hardware business. For instance, its core routing and switching businesses, which suffered of late, continue to erode. This is why Cisco has spent a good portion of its $45 billion cash hoard on recent acquisition for Meraki, Cariden and most recently BroadHop.
Cisco's Changeover Will Dominate Tech
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